# BMW warns on profits as it counts cost of plan for 8,000 job cuts

- Source: Guardian World
- Published: 2026-11-04T11:58:19+00:00
- Category: World
- Original: https://www.theguardian.com/business/2026/nov/04/bmw-warns-on-profits-counts-cost-plan-for-8000-job-cuts
- Canonical: https://groundlevelnews.com/story/bmw-warns-on-profits-as-it-counts-cost-of-plan-for-8-000-job-cuts-0515ad/

German carmaker slashes profit margin to between -0.5% and 0.5% this year in face of competition from China The German carmaker BMW has issued its second profit warning in a year, blaming the costs of a restructuring programme including significant job losses in the face of continuing competition from China. The company is the latest to issue a profit downgrade in the German car sector, with Merce

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